There is good news and bad news when it comes to the IT job market on the eve of 2011. First, the good news: The numbers seem to suggest that most of the layoffs in the IT world have slowed in 2010. Now the bad news: According to multiple reports, while there is an uptick in hiring, it's sluggish at best. But despite the bad, there's still optimism.

Drilling down to the hard numbers, Janco Associates Inc. released a report yesterday lamenting that the slight increase in IT jobs in November was not enough to absorb the pool of available IT graduates and unemployed IT professionals.

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